Microsoft Co. (NASDAQ:MSFT) Shares Acquired by OMNI 360 Wealth Inc.

OMNI 360 Wealth Inc. grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 31.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,701 shares of the software giant’s stock after purchasing an additional 1,611 shares during the period. Microsoft accounts for 1.9% of OMNI 360 Wealth Inc.’s portfolio, making the stock its 13th biggest position. OMNI 360 Wealth Inc.’s holdings in Microsoft were worth $2,883,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MSFT. Christopher J. Hasenberg Inc lifted its position in shares of Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after acquiring an additional 44 shares in the last quarter. Quarry LP bought a new stake in Microsoft in the 2nd quarter valued at $45,000. Innealta Capital LLC acquired a new stake in Microsoft during the second quarter worth $75,000. Carolina Wealth Advisors LLC boosted its stake in Microsoft by 10.1% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after buying an additional 31 shares in the last quarter. Finally, Bbjs Financial Advisors LLC grew its position in Microsoft by 241.4% during the 2nd quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after acquiring an additional 268 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Performance

NASDAQ:MSFT opened at $439.33 on Wednesday. The stock’s fifty day moving average is $427.34 and its 200 day moving average is $428.58. The firm has a market capitalization of $3.27 trillion, a PE ratio of 36.25, a PEG ratio of 2.37 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. Microsoft Co. has a fifty-two week low of $366.50 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $64.57 billion. During the same period in the prior year, the firm earned $2.99 EPS. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio is currently 27.39%.

Microsoft announced that its Board of Directors has authorized a share buyback plan on Monday, September 16th that permits the company to repurchase $60.00 billion in shares. This repurchase authorization permits the software giant to purchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages recently commented on MSFT. UBS Group lifted their price objective on Microsoft from $500.00 to $525.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Mizuho upped their price objective on shares of Microsoft from $480.00 to $510.00 and gave the company an “outperform” rating in a report on Friday, December 13th. The Goldman Sachs Group reduced their price target on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. KeyCorp boosted their price target on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Truist Financial restated a “buy” rating and issued a $600.00 price target on shares of Microsoft in a research report on Monday, October 28th. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $509.90.

Insider Activity at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the transaction, the chief marketing officer now owns 57,511 shares in the company, valued at approximately $23,850,961.92. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the transaction, the executive vice president now owns 103,366 shares in the company, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock valued at $17,383,892 in the last three months. 0.03% of the stock is owned by insiders.

Microsoft Company Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.